<PAGE> 1
Exhibit II
Friday, December 22, 11:53 am Eastern Time
PRESS RELEASE
CHROMCRAFT REVINGTON ANNOUNCEMENT
DELPHI, Indiana -- December 22, 2000 -- Chromcraft Revington, Inc. (NYSE: CRC)
announced today that it had received a proposal from Court Square Capital
Limited, a unit of Citigroup, under which the holders of Chromcraft Revington's
publicly traded shares would receive cash of $10.30 per share in a transaction
to take the Company private. The offer is contingent upon the execution of a
definitive merger agreement, confirmatory due diligence and the approval of the
Company's Board of Directors and stockholders.
Michael E. Thomas, President and Chief Executive Officer of Chromcraft
Revington, indicated that the Company's Board of Directors plans to form an
independent special committee to evaluate the proposal and intends to respond to
Court Square shortly.
Chromcraft Revington, Inc. designs, manufactures and sells residential and
commercial furniture throughout the United States under the "Peters-Revington,"
"Chromcraft," "Silver Furniture," "Cochrane," and "Sumter Cabinet" brand names.
Contact:
Chromcraft Revington, Inc.
Frank T. Kane, (765) 564-3500
